The Truth About The Coming Global Currency Reset

If you have been following this series on bitcoin then you should have a pretty good handle on this cryptocurrency by now. Part one gives a brief history of bitcoin and talks about some of the risks. Part 2 talks about why bitcoin will never be a viable currency. It also covers the limitations it has functioning as a legitimate currency. Read part 1 here. Read part 2 here.

If you have invested in bitcoin and made money then you are fortunate. If you invested in bitcoin when it was at an all-time high then you learned a valuable lesson about investing in assets like this. The truth is you take an enormous risk every time you invest in an asset that is at an all-time high and it is smashing records at an incredible rate. Yet somehow new investors are always drawn to these types of investments. Many of these people are first time investors. Let’s review why the risk is high.

For our example we will look at gold. Gold’s all time high was hit in August of 2011. It was going for $1,917.90 an ounce. It pulled back that same day to $1880.00 an ounce. It’s all time high is officially 1889. 70. Later in that same year gold began to drop. Eventually it bottomed out in 2013 as we saw a drop by 28 percent. By 2014 gold hovered around $1140 to $1180 an ounce.

Many gold experts blamed the fall in price on bitcoin. At the time bitcoin was just starting to become popular. The story is that most people were pulling their money out of gold and buying bitcoin. This hype helped those that sold precious metals for a while. Then these gold merchants began to spread a false narrative of a Global Currency Reset. The more they attacked the dollar, the more sales they got. Now the hype was going to be that the dollar was going to crash any minute. This seemed easy to believe simply because the 2008 meltdown was still fresh on everyone’s mind. Many people were still hurting from those events, but the real truth about gold’s fall in value is much different.

The thing that drove up the price of gold was the fact that the world went through a financial global meltdown in 2008. This meltdown was produced in large part by government intervention into the housing market, and triple A rated mutual funds acquiring junk CDO’s that represented bad debt. Insecurity in the dollar caused the price of gold to skyrocket dramatically creating a gold bubble. As the dollar recovered the price of gold came back down. By 2014 gold was below the $1200.00 mark. It turns out that 2014 was the best year the dollar had since 2005!

Here we are at the beginning of 2018 and gold is just now at the $1,305.60 as of this writing. If you purchased gold close to its high in 2011, you watched your investment dwindle in value. If you spent over $1,800.00 for an ounce of gold, and many people did, you now had two choices to consider. First you can get out and take a loss, or you can ride it out until the price of gold goes back up.

Even if gold recovers in 2018 and passes it’s all time high your investment was still tied up for over 6 years making you no money at all. Breaking even actually means you lost value when you factor in the rate of inflation. During this time you could have profited from mutual funds or other investments. This is the danger of investing in assets that have gone through historic and drastic price increases.

Bitcoin start out in 2017 trading between $930.00 and $978.00. Throughout the course of the year it rose to almost 20,000.00. Just a few days later it dropped by 30% percent. That drop alone took billions of dollars away from the total cryptocurrency market capitalization. It was a big market correction. It was responsible for sending bitcoin’s price falling below $11,000.00. Over the next few days, the price of bitcoin would rally, climbing back beyond $16,000 and higher on other cryptocurrency exchanges worldwide. However, bitcoin’s value has begun falling as it fell to the mid-$13k’s area after opening the day above $15,000 on December 28 2017.

This is extremely volatile, and it represents the classic bubble scenario that many first time investors don’t understand. It you purchased bitcoin close to its all time high then you’re stuck holding on to your investment until it recovers, or you can sell it and take a loss.

When will bitcoin recover? Nobody knows for sure, but typically with these things, you will hear a lot of hype and blame from those responsible for selling bitcoin, and from those holding bitcoin. They may blame other cryptocurrencies, and there might be some truth to that. They may make claims that the dollar crash is emanate. They may even spread some of the same global currency reset nonsense that was used to hype precious metals and foreign currencies from third world nations!

The truth is bitcoin is a bad currency. The currency gets its value from demand. So if demand is high the price is high. If demand drops, the price comes down. Standard currencies like the U.S. dollar has contraction measures in place in case demand drops. This makes these types of currency much more stable. Cryptocurrencies have no contraction measures. When demand drops investors suffer. Demand is also created through the use of taxation. It has been historically proven that when governments tax their people, and then requires them to pay that debt in the government’s currency, it creates demand. Because of the volatility of bitcoin it is not a stable store of value. This is the most basic function of a currency. This was covered in greater detail in part 2 of this series.

Not only is bitcoin an unstable currency, it is also a very unstable investment. It seems that there have been times in the past when the servers were down for days because they could not handle the volume of traffic. This means that if the investment begins to fall rapidly, it will be hard to get out creating an even bigger loss. See the link below

GBL is a Chinese bitcoin trading platform. Many subscribers were unable to log in creating a loss of up to $5 million worth of bitcoin. The server suddenly shut down on October 26, 2013. In September of 2017 China has banned cryptocurrency exchanges. This also caused bitcoin to drop temporarily. The People’s Bank of China ruled that these unregulated sales violated Chinese law and must stop immediately.

In February 2014, cryptocurrencies made national headlines because the world’s largest bitcoin exchange was declaring bankruptcy. The company called Mt. Gox stated that it had lost nearly $473 million of their customer’s bitcoins likely due to theft. This amount was approximately 750,000 bitcoins which equals about 7% of all the bitcoins in existence. Because of this crisis the price of a bitcoin fell from a high of about $1,160 in December to under $400 in February.

As of September 2017, there were over 1100 digital currencies in existence. As more of these currencies become popular it will likely pull revenue from those who invest in bitcoin. This action will decrease demand for bitcoin thus driving down prices.

Bitcoin could also recover sooner than expected. Who knows for sure? The main point in all of this is the fact that bitcoin was never a sure thing, and the investment is much more volatile than it seems! This investment is always presented by investors and cryptocurrency markets with great bias.

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Recently I sat down with Sam I am and we started to discuss the global currency reset. One hour and twenty minutes later we finished our conversation. We went into many aspects of this belief system. We covered a lot of the same information that is in the book and we talk about other areas of our websites where you can go and find much of the same information that is in the book. I put together a new website that promotes the book and it has links to the articles on ICW that contains much of this information. The link to the new site will be posted below the podcasts.

We recorded this conversation because we wanted to bring out areas of this belief system that are seldom talked about. I wanted to bring you the conversation in its entirety without chopping it up into weekly segments. Therefore I made two parts. If you are short on time then this should allow you to take a break. You can listen to the second half at a later time.

This should generate a lot of conversation in the comment area. So join us and get your tinfoil, fold it into a hat. Now kick back and join us as we discuss “The Truth About The Coming Global Currency Reset”

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I know it has been a while since I posted anything about the dinar on this site. I have been working on other projects. My music website has gone through a complete overhaul and my other websites have been getting some much-needed updating. In addition to this, I have been spending many hours in the studio creating content for the music site. So I took a brief break from the dinar, but I see that things have not changed much.

As I look at Google Analytics I see that searches conducted on the Iraqi dinar have dropped significantly. There were many more searches regarding this currency just one year ago. People are beginning to wise up about this investment. When I called this so-called currency investment a scam in January of 2012 most people involved in this said I lost my mind. These days many people have joined the bandwagon. State and federal agencies have also called it a scam. Dealers have been rounded up and some are still being prosecuted. Some have already been convicted. We were surprised to find out from the indictments that law enforcement agencies have been watching some of these dealers since 2010!

Investment scams are the kind of thing that happens to other people. As dinar investors, we assumed we were smarter than the average investor. We thought we had inside information. We assumed we were talking to people who were connected to “boots on the ground”! We were even told that Donald Trump purchased dinar. We never considered that we were the victims of a massive investment scam. We never thought that we were being fed lies on a massive scale. Most dinar investors had no investment experience outside of this so-called investment.

We survived the 2008 meltdown and a mistrust of the stock market led us to seek investments outside of stocks. The 2008 meltdown hurt many people on many levels. Many people suffered major losses in retirement funds such as 401k and 401b accounts as these accounts were invested in the stock market. We received a good lesson in risk assessment. Nothing is a sure thing. Even though we learned that lesson we soon forgot it as gurus continued to hype the dinar as a sure thing. We investors were looking for the any minute now revalue that would bring a tremendous windfall.

Now people are finally starting to wise up. Many have sold off their currency and many others avoided the scam altogether because of this site and others like it. In its struggle for survival this dinar investment scam has embraced absolute absurdity. This scam attempts to rewrite history. It has embraced the very flawed Global Currency Reset viewpoints. Now it seems that scammers are making money from the investors that remain by selling services such as setting up a trust fund for their soon-to-come windfall. These are the hardcore investors who refuse to accept the facts. Logic or reason are absent from their decision-making process. False hope and pipe dreams rule their actions. They even sign non-disclosure agreements in an effort to keep the fine details hidden.

It is the embracing of the Global Currency Reset that really set me off. This package of lies began to revitalize the dinar investment just as people were beginning to come to their senses. It has prolonged the life expectancy of this scam. As I began to debunk this and write about it I began to realize that this was much bigger than the dinar. In fact, Many different types of investment scams are tied to this viewpoint. CMKX stocks, NESARA, Omega Trust, and hyped up gold and silver sales are just some of the past investments that were tied to this GCR nonsense.

As I wrote in my last post the endless predictions of a coming global currency reset resemble the endless predictions that dinar gurus spew out of their mouths. This is done because it creates urgency and it sells the product. It also causes many people to overleverage and spend more than they should! As I dug into this I soon discovered that it seems that even more scams are based on this Global Currency Reset viewpoint. That is why this is so much bigger than the dinar. I looked on Amazon and found many books that promote the global currency reset lie. As I read through samples of these books I discovered that much of the material presented was based on false narratives and misrepresentations. There was a twisting of historical economic events.

Apparently, this is big money. We are approaching yet another date that will contain another failed prediction. The dollar is supposed to crash on April 5th, 2017. Frankly, I am very surprised they did not pick April 1st! At least that day would be more appropriate. This day will be like the many other days these GCR gurus have predicted a crash. It will come and go and the dollar will still be in good shape.

I should point out that I don’t discourage investments in gold or silver. In fact, I have precious metals too. However, if you are buying a massive amount of precious metals because of a so-called coming GCR event then you are buying these metals for all the wrong reasons. Chances are you are over leveraging on a massive scale. Now people are buying these metals because they are preparing for the end of the world.

This is the reason why I decided to write a book and place it on Amazon and other eBook retailers. Not one GCR book told the other side of the story. Not one book debunked all the junk economics that could be found in this conspiracy theory. These guys were making many converts. So for that reason, I decided to throw my hat into the ring and debunk the garbage that is never addressed in this conspiracy theory.

Recently I built a new website as a way to promote the book. This site contains much of the history behind this belief system. The main goal here is not to sell books. The main goal is to provide an alternative point of view based on the facts. The samples of the book will provide enough information to debunk many of the monetary conspiracy theories that are based on historical events. Many book samples provide 1 chapter while my sample provides 3 chapters. It will at the very least cause people to research this whole thing with caution. Don’t believe everything you are being told by me or anyone else! Do your own research! Come to your own conclusions! You will find a link to my new site below.

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It amazes me to see how people are so patient regarding scams. We have seen the many failed dinar predictions. Some guru would make another prediction and even though they were wrong, people would put their hope into another prediction that is doomed to fail all over again from the same person. When someone calls B.S. on the lies behind the failed predictions they are attacked. The primary reason for this has nothing to do with who is right and who is wrong. The reason for this is because you are going against false hope that people harbor which keeps them from facing the many realities they deal with on a daily basis. It has nothing to do with the truth! This thing is purely emotional and it escapes all logic and reason.

Now the same thing is happening on a much broader scale within the global reset community. These people keep presenting junk economics with false conclusions and they keep making false predictions. The GCR crowd will tell everyone how rich they are going to be if they buy silver and gold. They tell them they are going to survive the end of the world and all they’ve got to do is buy their junk newsletters that contain all the details. They scare them into a sense of urgency and tell them time is short. That is the reason for setting dates in the first place. It’s propaganda 101.

The dollar collapse predictions keep coming. Over the last decade, there have been many failed dates and we have seen 4 dates just in 2016 alone. First, the dollar was supposed to crash sometime during the entire month of April. Then the dollar was supposed to crash on May 28th, 2016. Then the dollar was going to crash on September 27th, 2016. Then once that date expired the dollar was going to crash on December 31st, 2016. Now that we are past this date a new date has been set by the GCR community. The dollar is now going to crash on April 5th, 2017.

The reason the global currency reset crowd keeps setting these dates is because it creates urgency. If the world is going to end when the dollar collapses then these people hope you buy gold, silver, emergency food supplies, and a host of other products. This has become big business.

There are many different conspiracies that combine to make a super conspiracy in what is now referred to by these scam artists as the Global Currency Reset. This fictional event is constantly compared to the 2008 meltdown. In fact, many compare their fictional end of the world scenarios to the 2008 meltdown.

They won’t point to the actual causes of historical events. Instead, they make claims that are not true. For example, they claim that inflation happened in the 1970’s and it was primarily due to increasing the money supply. They totally ignore the role the oil embargo of the 1970’s played on inflation during this time. This is well documented. They will point to the 2008 meltdown and claim that increasing the money supply brought about the 2008 meltdown. The truth of the matter is one of the main causes of the collapse came from government-sponsored enterprises or GSE. These types of institutions like Fannie Mae and Freddie Mac were operating under very loose government restrictions. If this was addressed as secretary of the treasury Snow wanted to do back in 2003 then the whole meltdown may have been avoided altogether.

But the GCR people blame the central banks and what they call the banking cartel. They increased the money supply and all those evil guys on Wall Street are all to blame too. So as we see the GCR crowd misrepresent economics and they rewrite history in an effort to present a false narrative that will cause people to believe in a coming dollar collapse. Then the only thing to do is to set the date to create the urgency. Soon we see people are buying products like dinar and other foreign currencies. They buy all kinds of crap they don’t need and they tend to over leverage as a result. They take loans out from their retirement accounts, they work overtime on their job, and they prepare for the end of the world.

What makes GCR investment scams even more cruel is the fact that they are not just ripping people off. They are taking control of their life with a cult-like scam. There are those that are caught up in this thing who are so emotionally invested. They live in fear every day and they live a very restrictive lifestyle. They prepare to live through the end of the world as they know it, but they never learn how to really live. They spend their life in bondage and fear, all so some scam artist can make a buck!

In 2014 I decided to write a book about the global currency reset which is called “The Truth About The Coming Global Currency Reset” The purpose of the book was to debunk the GCR, and my book was the only one that did this. It stood against many books on Amazon that promoted these ideas. Just 2 years later all the numbers in the book become outdated. For example, at the time I wrote the book China had 120 trillion Yuan. Just two years later they have 151 trillion Yuan. In addition to this, economic situations changed. The BRICS are no longer and Brazil was one of the first nations to have economic problems. China had problems in 2015 as their stock market took a turn for the worse. They started to burn through their reserves as well.

So I decided that an update was needed. I was going to update all the numbers in the book to 2016 numbers and write a little more about how the economic landscape had changed. I would also address more history that the global currency reset crowd has tried to rewrite. This was going to be the second edition and it was only going to happen one time. This was only going to take one week, two at the most. I started writing and updating in September of 2016. Four months later the rewrite is completed and it was released on January 1st of 2017. I started doing research in August and finished in late December.

At the time I did not really know what I was getting myself into. I kept digging and finding more and more information. This book totally and completely debunks the global currency reset belief system. The first four chapters deal with monetary history. This is done to address all the efforts from the GCR to rewrite this history. Researching the actual history and documenting every quote from founding fathers and other historical figures took a long time.

At long last, the book is finished and the case is solid. Anyone caught up in this cultic money belief system needs to read this book. The last chapter contains nothing but links. These links are there to verify the things written in the book. I almost doubled the link count from the previous version. I have a kindle version, a version for iPad, and it is available through all the major eBook retailers too. This time it is even going to be available in print. I am currently working out those details. The eBook version is ready to go. Now you can read the first three chapters for free. Just scroll down. The most important thing is deprogramming those caught up in this GCR. That is the mission of this book. As far as I know this is the only book that is doing this.